Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have been given a consensus rating of “Hold” by the eight research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $23.8333.

PLAY has been the topic of a number of research analyst reports. BMO Capital Markets decreased their price target on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Zacks Research raised Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Benchmark upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, January 16th. UBS Group dropped their price target on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Finally, Loop Capital set a $20.00 price objective on Dave & Buster’s Entertainment in a research report on Wednesday, December 10th.

Institutional Trading of Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Holdings Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 532.9% during the 3rd quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator’s stock valued at $43,787,000 after purchasing an additional 2,030,186 shares in the last quarter. Clearline Capital LP boosted its position in Dave & Buster’s Entertainment by 20.4% during the 3rd quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock valued at $29,419,000 after acquiring an additional 274,541 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Dave & Buster’s Entertainment by 99.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock worth $30,067,000 after acquiring an additional 499,412 shares during the period. SG Americas Securities LLC grew its holdings in shares of Dave & Buster’s Entertainment by 232.3% during the 4th quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock worth $10,280,000 after acquiring an additional 443,308 shares during the period. Finally, UBS Group AG raised its position in shares of Dave & Buster’s Entertainment by 137.2% in the 3rd quarter. UBS Group AG now owns 509,924 shares of the restaurant operator’s stock worth $9,260,000 after acquiring an additional 294,916 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Trading Up 2.4%

Shares of Dave & Buster’s Entertainment stock opened at $19.27 on Monday. The stock has a market capitalization of $668.28 million, a P/E ratio of -481.63 and a beta of 1.78. Dave & Buster’s Entertainment has a 52-week low of $13.04 and a 52-week high of $35.53. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.22 and a current ratio of 0.32. The stock’s 50-day simple moving average is $18.23 and its 200 day simple moving average is $19.77.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.06). Dave & Buster’s Entertainment had a net margin of 0.01% and a return on equity of 19.13%. The business had revenue of $448.20 million during the quarter, compared to analysts’ expectations of $460.66 million. During the same quarter in the prior year, the firm posted ($0.45) earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, research analysts anticipate that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.